About your Search

20121121
20121129
Search Results 0 to 10 of about 11 (some duplicates have been removed)
in the fracking game. free market capitalism in oil, shale producing areas. here now we have tyson and dan m mitchell. dan, some numbers this is from the usa today article today. small town america. real income up 4%. metropolitan up. you think that has anything to do with the energy boom? >> i'm sure the energy boom has something to do with it. it is not just the direct benefit of lower energy costs it is the fact that manufacturing a key in put in the cost of energy. coming back and prospering and being competitive. this is a good story. but if we zoom out and look at it from the overall perspective. from much of the world's history, then we got free markets, private property and great things happen. as long as we give the market a little bit of brueathing room good things happen. jobs were created if the federal regulators who do not practice free market capitolism, if people go into the federal lands and continue this kind of work, we would be creating six figure j jobs and have a renaissance in this country's economy. voters in rural communities that are saying we want to see greater pr
of affairs in illinois. it's not pretty. >> dan hynes is the comptroller of the state of illinois, its paymaster. he currently has about $5 billion in outstanding bills in his office and not enough money in the state's coffers to pay them. he says they're six months behind. how many people do you have clamoring for money? >> it's fair to say that there are, you know, tens of thousands if not hundreds of thousands of people waiting to be paid by the state. >> so how are these people getting by if they're not getting paid by the state? >> well, that's the tragedy. people borrow money. they borrow in order to, you know, get by until the state pays them. >> they're subsidizing the state. they're giving the state a float. >> exactly. >> and who do you owe that money to? >> pretty much anybody who has any interaction with state government, we owe money to. >> that would include everyone from the university of illinois, which is owed $400 million, to small businessmen like mayur shah, who owns a pharmacy in chicago and has been waiting months for $200,000 in medicaid payments. then there are
than dan gilligan. >> we have to make sure that the futures market is an honest market. >> as the president of the petroleum marketers association, he represents more than 8,000 retail and wholesale suppliers, everyone from home heating oil companies to gas station owners. when we talked to him in the summer of 2008, his members were getting blamed for gouging the public even though their costs had also gone through the roof. he told us the problem was in the commodities markets, which had been invaded by a new breed of investor. >> approximately 60% to 70% of the oil contracts in the futures markets are now held by speculative entities. not by companies that need oil, not by the airlines, not by the oil companies, but by investors that are looking to make money from their speculative positions. >> they don't actually take delivery of the oil. >> no, all they do is buy the paper and hope that they can sell it for more than they paid for it before they have to take delivery. >> so they're trying to make money on the market for oil. >> absolutely--on the volatility that e
up there cadillac an ev. why make all of this vernlgts you talk with dan ackerson says emphatically evs are the future for this industry, maybe not this year, maybe not next year but down the road, why they continue to invest in electric cars. thank you very much, phil lebeau in los angeles for us today. so, what do you think of the electric car? go to finance.yahoo!.com results coming up later on "power lunch." >>> we are watching facebook. the last two weeks, 10%, 25% the past two months. people thinking facebook has turned a corner. julia boorstin is in los angeles with details on that. hi, julia. >> hi, sue. even with some new privacy concerns, things are definitely look up for the social network and the stock is holding on to the gains the last two months. two of wall street's most bearish analysts have turned to bulls, bernstein and btig upgrading the stock in expectation of a surge in mobile ad revenue, facebook has to walk a delicate line. more ads good for the bottom line but could turn off users. facebook survived the biggest lockup explorations without a flood of selling.
on private equity. it's an issue we have not talked about yet. joining us now is dan primac of "fortune" magazine. >> good morning. >> so fiscal cliff, does it really matter to the world of private equity? >> it matters to the extent of if we go off of it or run into it depending on your metaphor. everyone feels we go into immediate recession, shock recession. it obviously matters because private equity succeeds or fails based on the portfolio companies in a major recession. private equity's a long-term asset class, it can survive as an industry or asset class. cycles better than most can. in general, i think everyone's kind of optimistic, believes something will get done. but there's nobody hoarding money or freaking out yet. >> what about carried interest? we keep talking about taxes and that's one component of this debate. carried interest sort of went on the table, then went off the table, maybe it comes back on the table. but it's not something we're hearing a lot about now. where do you think that issue stands? >> you know, for a long time, i've thought that the issue just works g
? >> caller: washington redskins boo-yah rg3 nation stand up. >> man. dan snyder is your owner, have you thought about that at all? >> caller: i got a quick question. >> boo! >> when stay on the sidelines or look to get in long-term? >> when it's overbought, my old rule, i use the s&p oscillator. it comes delivered to my door on saturdays. my rule is very overbought, hey, take a pass. another time will come. however, you can get started small and hope it comes back if you just can't resist. sam in ohio, sam? >> caller: hey, jim, big glass city boo-yah to ya. >> love it. what's up? >> caller: i have a question. i've been looking at a couple of utility stocks, and looking at either going with preferred instead of the common shares. i just wanted to get your opinion on maybe what might be better -- >> nah, come on, we want upside. we want upside. we don't want to cap our upside. you know what? let's just own them outright. we'll do just fine. of course i want you in this market for the long run. the whole idea of trading back, you can't beat the high frequency traders. give me a break. i wa
history. >> there's more counterfeiting going on in china now than we've ever seen anywhere. >> dan chow should know. a law professor at ohio state university, his specialty is chinese counterfeiting. we know that 15% to 20% of all goods in china are counterfeit. >> and these days, the way china's economy is booming, 15% to 20% means tens of billions of dollars. evidence of the counterfeiting trade can be seen at this hong kong warehouse where counterfeit watches, shoes, computer chips, all copied in china, and seized in hong kong, are tossed onto a conveyor belt, and consigned to the dust bin of history. but it's like stopping the rain, the seizure may look impressive, but every day, 6,000 shipping containers leave hong kong's harbor for the u.s. packed with products made in china, and only a small fraction of those containers are ever inspected. >> this is the most profitable criminal venture, as far as i know, on earth. >> counterfeiting. >> counterfeiting. and your partners don't kill you. >> attorney harley lewin has been chasing counterfeiters from china for more than twenty years.
off today with gains across the board. dan greenhouse, chief global strategist joins us. i know you're a fan of history. is the santa claus rally a real thing or just an urban legend? >> it's a real thing. >> buy stocks now and sell them new year's eve. >> lots of sayings on wall street tend to be not accurate. the concept of santa claus rally is one of the few that are true. modest outperformance from christmas to january 1st, january 2nd. stock traders almanac would define it first two days of the year as well. you see this year after year. the question for investors this year is whether or not the fiscal cliff gets in the way. in the context of what's happening with black friday, it's a really interest question. think the answer is yes. it does get in the way. >> we never had a fiscal cliff before. >> we're talking about black friday. black friday isn't the holiday shopping season. dana was on cnbc all morning. i'm sure she would agree. most shopping occurring as you get closer to christmas and then maybe saturday or sunday before is the peak. >> no one will make up to the perils
to the upside. >> of course, dan, everyone has said if there's this idea that washington can come together and define some sort of solution, that will make the markets buy into this confidence in washington. washington has big problems, and the solutions are probably going to mean painful medicine around. is there a moment when the markets wake up and realize and say, oh, my gosh, we have to realize we are talking about spending cuts, higher taxes and combination of these two things could lead to some troubling times for the markets too? >> well, that's going to be found out once the deal is in. let's say they had some sort of a deal and you start breaking it down. you'll have to look at how is it going to impact the economy? i imagine they're going to do it to minimize whatever impact there is. it seems to me, there's growth in this economy and we're looking for a place to spring board from it. so they're not going to want to ruin that chance. but until the details are out, we're really not going to want to know. >> we have not talked fiscal cliff with you in-depth on these things. what i
Search Results 0 to 10 of about 11 (some duplicates have been removed)

Terms of Use (10 Mar 2001)